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Investors are closely monitoring the allotment status of the IPO issued by Schloss Bangalore Limited, which operates under the “Leela” luxury hospitality brand. The allotment scheduled to be finalised on May 29, 2025, came after a well-received offering that saw particularly strong demand from institutional investors.
The IPO of Schloss Bangalore Limited was structured as a book-built issue to raise a total of ₹3,500 crore. This comprised a fresh issue worth ₹2,500 crore and an offer for sale (OFS) of ₹1,000 crore. The price band was set between ₹413 and ₹435 per share. Investors had the opportunity to place bids from May 26 through May 28, 2025.
Leading merchant banks were involved in managing the issue, and while institutional interest was robust, participation from retail investors remained comparatively subdued.
The IPO recorded an overall subscription of 4.50 times. This response was largely led by Qualified Institutional Buyers (QIBs), while the retail segment saw a lower turnout.
Schloss Bangalore IPO Subscription Status by Category
Investor Category |
Subscription (x) |
|---|---|
Qualified Institutional Buyers (QIBs) |
7.46 |
Non-Institutional Investors (NIIs) |
1.02 |
Retail Individual Investors (RIIs) |
0.83 |
Total |
4.50 |
According to the company’s filings, the proceeds from the fresh issue will be directed toward:
Repayment or prepayment of certain outstanding loans
General corporate purposes
This capital deployment is expected to reduce the company’s debt burden and enhance its financial flexibility for future growth.
Applicants can verify their allotment status through the following platforms:
BSE: https://www.bseindia.com/investors/appli_check.aspx
KFin Technologies (Registrar): https://kosmic.kfintech.com/ipostatus/
To access their allotment results, investors must provide relevant details such as their PAN, application number, or DP ID/client ID.
Investors should stay tuned for further updates and follow the company’s upcoming announcements to make informed investment decisions.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Source
Company's official website: https://www.theleela.com/investors
SEBI - Red Herring Prospectus: https://www.sebi.gov.in/filings/public-issues/may-2025/schloss-bangalore-limited-rhp_94063.html
Business Standard: https://www.business-standard.com/markets/capital-market-news/schloss-bangalore-the-leela-ipo-ends-with-4-50x-subscription-125052900614_1.html
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Posted on 05 Jun
Geetanjali Lachke
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